JPMorgan maintains key profit goal for next three years
JPMorgan Chase & Co on Tuesday maintained its key profit goal for its medium-term outlook of three years, according to an investor presentation ahead of its 12th annual investor day.
Hyundai set for Elliott showdown as it rejects $6.3 billion payout call
Hyundai Motor Group on Tuesday rejected demands by U.S. activist investor Elliott Management for a combined 7 trillion won ($6.3 billion) dividend payout and new board members, complicating efforts to revamp South Korea’s second-biggest conglomerate.
M&S in tie-up talks with Ocado to take its food online
British high street chain Marks & Spencer (M&S) is in talks with Ocado to form a joint venture that would give M&S a full online food delivery service for the first time, sending shares in both companies surging on Tuesday.
Manager at Brazil’s Vale told executives of risks at dam: report
A manager at Brazilian iron ore miner Vale SA told authorities the firm’s executive board knew there had been a “decrease in security” at a dam that burst in January, killing hundreds, according to a newspaper report on Tuesday.
Goldman expects legal losses to be up to $1.9 billion more than reserve
Goldman Sachs Group Inc said it expects losses related to ongoing lawsuits to be about up to $1.9 billion more than the money it set aside for legal matters.
Thomson Reuters reports higher revenues, sees growth this year
Thomson Reuters on Tuesday reported a 9 percent rise in quarterly revenue, stripping out the impact of currency, helped by higher sales at its Legal and Tax & Accounting businesses.
After legal blitz, Embraer says key vote on Boeing tie-up may proceed
Brazilian planemaker Embraer said on Tuesday a key shareholder meeting to vote on the sale of 80 percent of its commercial aviation business to Boeing Co could proceed as scheduled on Tuesday, after it got an injunction overturned.
SEC attack on Tesla’s Musk pushes shares lower
Shares in Tesla Inc could fall by a fifth in value if the U.S. Securities and Exchange Commission’s latest attack on Chief Executive Officer Elon Musk sees the regulator again push for his removal, according to J.P. Morgan analysts.
Home Depot forecasts poor 2019 earnings as U.S. housing momentum slows
Home Depot Inc projected 2019 earnings below Wall Street forecasts on Tuesday, as rising U.S. home prices discourage many Americans from buying new houses.
M&S and Ocado in talks over British retail joint venture
Retailer Marks & Spencer is in talks with online supermarket Ocado to form a British joint venture, it said on Tuesday, after the Evening Standard newspaper reported it was set to pay up to $1.2 billion for a 50 percent stake.
